LONDON – Markets remained optimistic Thursday that Greece will secure its next bailout despite an 11th hour snag that has delayed the signing off of another batch of austerity measures.
The prevailing view in the markets appears to be that Greece will cobble together a deal with its creditors in return for bailout cash that will help it avoid defaulting on its debts next month when a big bond repayment is due — a scenario that could send shock waves all round the European economy.
“Time running out still does not appear to be impacting investor sentiment,” said Derek Halpenny, an analyst at Bank of Tokyo-Mitsubishi UFJ. “Confidence remains high that a deal is imminent.”
In Europe, the FTSE 100 index of leading British shares was up 0.2 percent at 5,889 while Germany’s DAX rose 0.6 percent to 6,792. The CAC-40 in France was 0.5 percent higher at 3,426.
The euro was also trading up 0.3 percent at $1.3278 and near two-month highs.
Wall Street was poised for a steady opening too, with Dow futures and SP 500 futures unchanged.
A Greek deal had appeared to be imminent in the early hours of Thursday following marathon talks but the leaders of the three political parties supporting
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